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Construction outpaces demand in China’s booming small cities

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Construction outpaces demand in China’s booming small cities

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China’s home-buying frenzy is good news for smaller cities that have a massive overhang of unsold houses left from the last real estate downturn. But as Reuters Yawen Chen explains, a surge in construction threatens to outpace demand, leaving housing inventories untouched.

SOURCE: Reuters

 

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